Master of Business Administration

Master of Business Administration

The Master of Business Administration (MBA or M.B.A.) is a master's degree in business administration (management). The core courses in an MBA Program cover various areas of business such as accounting, finance, marketing, human resources and operations in a manner most relevant to management analysis and strategy. The MBA is a terminal degree and a professional degree. Accreditation bodies specifically for MBA Programs ensure consistency and quality of education. Management Colleges in many countries offer programs tailored to full-time, part-time, executive, and distance learning students, many with specialized concentrations. Two-year (Full-Time) MBA Programs normally take place over two academic years. The Graduate Management Admission Test (GMAT) is the most prominently used entrance exam for admissions in to MBA programs. The Graduate Record Examination (GRE) is also accepted by almost all MBA programs in order to fulfill any entrance exam requirement they may have. Some schools do not weigh entrance exam scores as heavily as other criteria, and some programs do not require entrance exam scores for admission. In general, MBA programs are structured around core courses, typically at the beginning of the MBA program, and elective courses that allow for a subject specialty or concentration.  After the first year, many full-time students seek internships. In the second year, students pursue elective courses, which often go towards a specialization.